how did they get a half a billion dollars in loan guarantees? bill: well, because one of the investors was a big clinton obama fundraiser. that also. but they also hired high powered lobbists, spent $2 million, had many meetings with valerie jarrett, special assistant to the president. they lobbied washington intensely to get this loan guarantee. why did they get the loan guarantee? they had idea that superior technology could- even though it was more expensive to produce solar panels in the united states that because their technology was superior they could produce it cheaper than people using silicone the traditional method making these solar panels. silicone plunged on the commodities market, making the other kind of solar panels. china cleaned our clock, making solar panels for half the price of this company. their business model stunk. now, why was the loan guarantees
he encountered the movement, about conservative cancer and said you were responding to the lobbists, and gave a new answer. he said. no i was lobbied by a 31-year-old woman dying of cancer. that s a powerful response. and, yet, two things happened. a, in the debate, after that moving antidote, he had nowhere to go and he repeated an old line he had used in the other debates, namely i choose life. he didn t sort of elaborate, explain, or exploit the moment. now we learn that the antidote is false. that he met with the woman after he he had done the executive order. so here s the big moment and it turned out to be not quite true. all right. so a lot of americans don t know that because they don t know the follow up story on it. right. i will give you that will hurt him. that other example when he
he encountered the movement, about conservative cancer and said you were responding to the lobbists, and gave a new answer. he said. no i was lobbied by a 31-year-old woman dying of cancer. that s a powerful response. and, yet, two things happened. a, in the debate, after that moving antidote, he had nowhere to go and he repeated an old line he had used in the other debates, namely i choose life. he didn t sort of elaborate, explain, or exploit the moment. now we learn that the antidote is false. that he met with the woman after he he had done the executive order. so here s the big moment and it turned out to be not quite true. all right. so a lot of americans don t know that because they don t know the follow up story on it. right. i will give you that will hurt him. that other example when he jabbed at romney gave a litany
infrastructure. when the president goes out on the road next week he can try to put some pressure on them. meantime the lobbists are going to be all over that special committee and that s one of the reasons high tax reform is so difficult. we saw that in the 1980s. those pressures when circumstances are life, can be overcome. and briefly, steve, you and i were there many the 80s watching that tax reform process. that s when this town goes crazy. it all does happen behind the scenes. it all does. those were the years of real giants, though, like jim baker and others who could make deals behind the scenes. i think another thing to watch is wloernt in return for some short-term stimulus like a payroll tax extension the democrats might agree to longer term retrenchment. i would say that s another thing to watch for out of this
consumers and merchants fairly. if we can t stand up and do that, why are we here? with today s vote, the fed will proceed with cutting the fees by about $12 billion, a 70% reduction starting in july, shep. shepard: one senator said interesting today this is kind of like having to choose between two children as which is the favorite? lobbists from the banks have been out in force rallying against this. yeah, the children being small retailers on one side and community banks on the other. some senators wanted to delay these cuts, saying the loss of revenue for small banks could shut some down. i could care less about the wall street banks. they are going to do fine. i will tell you what, we lose the banks in our small towns in montana or wyoming or tennessee, and you can put another nail in the coffin of rural america. financial firms argue that many retailers, especially the big chain stores, will not pass